Why Walgreen is Giving Drug Store Stocks a Boost

Walgreen Co. (NYSE:WAG): Walgreen (NYSE:WAG) shares gain 1% premarket following 4.2% Y/Y Novermber sales growth to $6.09B . Fewer occurrences of the flu and the concurrent drop in prescriptions filled lowered the company’s results by nearly one percentage point.

Here’s how drug store stocks are trading on the news:

Walgreen Co. (NYSE:WAG): WAG shares recently traded at $34.13, up $1.01, or 3.05%. They have traded in a 52-week range of $30.34 to $47.11. Volume today was 3,056,389 shares versus a 3-month average volume of 8,466,680 shares. The company’s trailing P/E is 11.61, while trailing earnings are $2.94 per share.

CVS Caremark Corporation (NYSE:CVS): CVS shares recently traded at $38.55, up $0.26, or 0.68%. They have traded in a 52-week range of $31.30 to $39.50. Volume today was 2,833,306 shares versus a 3-month average volume of 10,974,500 shares. The company’s trailing P/E is 15.38, while trailing earnings are $2.51 per share.

Rite Aid Corp. (NYSE:RAD): RAD shares recently traded at $1.20,. They have traded in a 52-week range of $0.85 to $1.47. Volume today was 1,337,130 shares versus a 3-month average volume of 8,786,710 shares. The company’s trailing earnings are $-0.51 per share.

Wal-Mart Stores Inc. (NYSE:WMT): WMT shares recently traded at $58.34, up $0.25, or 0.43%. They have traded in a 52-week range of $48.31 to $59.40. Volume today was 3,813,571 shares versus a 3-month average volume of 12,118,800 shares. The company’s trailing P/E is 12.35, while trailing earnings are $4.72 per share.

Target Corp. (NYSE:TGT): TGT shares recently traded at $53.12, up $0.24, or 0.45%. They have traded in a 52-week range of $45.28 to $60.97. Volume today was 1,342,994 shares versus a 3-month average volume of 6,744,600 shares. The company’s trailing P/E is 12.36, while trailing earnings are $4.30 per share.

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